Kenya's shilling was little changed in early trading on Wednesday, with limited corporate demand for dollars matched by modest inflows of foreign exchange from tea exports and charities.
Shilling steady amid limited corporate dollar demand
By 0721 GMT, the shilling was quoted by commercial banks at 102.15/35 to the dollar, compared with Tuesday's close of 102.25/35.
"Demand (for dollars) is subdued. There are no big buyers," said one trader at a commercial bank.
The shilling has barely moved out of the 102.00/50 range since mid November, after weakening 11 percent against the dollar during 2015.
JOIN OUR PULSE COMMUNITY!
ADVERTISEMENT
Eyewitness? Submit your stories now via social or:
Email: eyewitness@pulse.ng
Recommended articles
How we reduced road traffic crashes by 42% – FRSC boss
Motorists express worry as long fuel queues resurface in FCT
Reno's $10,000 Challenge: I didn't build any school in Anambra, Obi opens up
Bullied student threatens Abuja school with lawsuit if abusers are not punished
EFCC withdraws appeal against Yahaya Bello
Gov Zulum wants Army to establish military base in Sambisa forest
2 Wike loyalists exit Fubara's cabinet as Governor reshuffles
Ganduje believes APC is the answer to Nigeria’s problems
Spate of deaths strikes Nigerian movie industry, Nigerians calls for action
ADVERTISEMENT